Two days from starting trial, a group of Scott Rothstein’s money-losing investors and Gibraltar Private Bank & Trust settled their dispute for $10 million cash plus a share in a bad faith insurance claim, investor attorney William Scherer said Tuesday.
TD Bank, which lost a $67 million jury verdict to one set of investors in Scott Rothstein’s Ponzi scheme, has settled with another group to head off a trial set to start this week. The confidential agreement left a judge wrestling with whether to grant an injunction to stop a trial for the last defendant.
A former administrative assistant to imprisoned attorney Scott Rothstein pleaded guilty today to helping her boss funnel money illegally to political candidates. Marybeth Feiss could face up to five years in prison. She is scheduled to be sentenced on May 4.
A federal judge has approved a second round of depositions for scammer Scott Rothstein, who is serving a 50-year prison sentence for masterminding a $1.2 billion Ponzi scheme.
William Boockvor pleaded guilty Wednesday in federal court to assisting his nephew, Scott Rothstein, in the $1.2 billion Ponzi scheme orchestrated out of the Florida law firm where they worked. Boockvor says he aims to cooperate with prosecutors in hopes of reducing his final sentence.